Sumitomo Faces Possible Loss on Nickel Project

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Sumitomo is scheduled to report its quarterly earnings results Oct. 30.

#Sumitomo, #Japan’s fourth-largest trading house by revenue, will likely be forced to take a loss on the #Madagascar project because #Nickel prices have dropped below the cost of production, said Akira Morimoto of #SMBC #Nikko Securities.

Read more at: http://www.wsj.com/articles/sumitomo-faces-possible-loss-on-nickel-project-1444996145

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